Wall Street analysts expect MiX Telematics Ltd – (NYSE:MIXT) to post $0.11 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for MiX Telematics’ earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.07. MiX Telematics reported earnings of $0.12 per share during the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The business is scheduled to issue its next earnings results on Thursday, February 1st.

On average, analysts expect that MiX Telematics will report full year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.43. For the next financial year, analysts forecast that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.47 to $0.71. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow MiX Telematics.

A number of equities research analysts have weighed in on the stock. ValuEngine cut shares of MiX Telematics from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded shares of MiX Telematics from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research cut shares of MiX Telematics from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Canaccord Genuity upped their price objective on shares of MiX Telematics from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MiX Telematics has an average rating of “Hold” and an average target price of $13.00.

Several large investors have recently bought and sold shares of MIXT. Bank of New York Mellon Corp grew its holdings in shares of MiX Telematics by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 58,292 shares of the technology company’s stock valued at $367,000 after buying an additional 1,715 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of MiX Telematics by 53.6% during the first quarter. Renaissance Technologies LLC now owns 543,510 shares of the technology company’s stock valued at $3,424,000 after buying an additional 189,710 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of MiX Telematics by 197.9% during the second quarter. Russell Investments Group Ltd. now owns 58,077 shares of the technology company’s stock valued at $457,000 after buying an additional 38,582 shares during the last quarter. Boston Partners purchased a new stake in shares of MiX Telematics during the second quarter valued at approximately $485,000. Finally, Rice Hall James & Associates LLC grew its holdings in shares of MiX Telematics by 23.2% during the second quarter. Rice Hall James & Associates LLC now owns 413,127 shares of the technology company’s stock valued at $3,255,000 after buying an additional 77,723 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

MiX Telematics (NYSE:MIXT) opened at $11.41 on Monday. The stock has a market cap of $255.30, a PE ratio of 27.83, a P/E/G ratio of 1.48 and a beta of 0.88. MiX Telematics has a one year low of $5.59 and a one year high of $11.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Friday, November 24th will be issued a $0.044 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from MiX Telematics’s previous quarterly dividend of $0.04. MiX Telematics’s dividend payout ratio is 32.50%.

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About MiX Telematics

MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.

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